Rwanda—Fiscal Balance (% of GDP)
Category: Fiscal & MonetarySource: IMF World Economic Outlook ↗Global Rank: #130 of 192Updated August 2026
Latest Value
-3.6%
2031
YoY Change
-80.0%
2030 → 2031
Global Rank
#130
of 192 countries
Maximum
2.3%
2004
Minimum
-9.3%
2020
Last
-3.6%
Previous
-2.0%
Highest
2.3%
Lowest
-9.3%
Unit
Percent of GDP
Source
IMF World Economic Outlook
Rwanda's fiscal balance (% of GDP) was -4.3% in 2026, ranking #130 out of 192 countries. This represents a -80.0% change from 2030. Over the past 27 years, the highest recorded value was 2.3% (2004) and the lowest was -9.3% (2020). The IMF WEO projects -3.6% by 2031. Data sourced from the IMF World Economic Outlook.
Actual
IMF Forecast
Source: IMF World Economic Outlook
Historical Data
| Year | Value | Change |
|---|---|---|
| 2031 | -3.6% | -80.0% |
| 2030 | -2.0% | +35.5% |
| 2029 | -3.1% | -10.7% |
| 2028 | -2.8% | +6.7% |
| 2027 | -3.0% | +30.2% |
| 2026 | -4.3% | +4.4% |
| 2025 | -4.5% | +27.4% |
| 2024 | -6.2% | -26.5% |
| 2023 | -4.9% | +12.5% |
| 2022 | -5.6% | +18.8% |
| 2021 | -6.9% | +25.8% |
| 2020 | -9.3% | -86.0% |
| 2019 | -5.0% | -92.3% |
| 2018 | -2.6% | -4.0% |
| 2017 | -2.5% | -8.7% |
| 2016 | -2.3% | +14.8% |
| 2015 | -2.7% | +32.5% |
| 2014 | -4.0% | -207.7% |
| 2013 | -1.3% | +45.8% |
| 2012 | -2.4% | -166.7% |
| 2011 | -0.9% | -50.0% |
| 2010 | -0.6% | -300.0% |
| 2009 | 0.3% | -62.5% |
| 2008 | 0.8% | +150.0% |
| 2007 | -1.6% | |
| 2006 | 0.0% | -100.0% |
| 2005 | 1.1% | -52.2% |
| 2004 | 2.3% | +276.9% |
| 2003 | -1.3% | +38.1% |
| 2002 | -2.1% | -16.7% |
| 2001 | -1.8% | -800.0% |
| 2000 | -0.2% |
IMF Forecast
Projections from the IMF World Economic Outlook. These are staff estimates, not guarantees.
| Year | Projected Value | Change from Previous |
|---|---|---|
| 2026Forecast | -4.3% | +4.4% |
| 2027Forecast | -3.0% | +30.2% |
| 2028Forecast | -2.8% | +6.7% |
| 2029Forecast | -3.1% | -10.7% |
| 2030Forecast | -2.0% | +35.5% |
| 2031Forecast | -3.6% | -80.0% |
Top Countries — Fiscal Balance (% of GDP)
| # | Country | Value | Year |
|---|---|---|---|
| 1 | Kuwait | 27.6% | 2026 |
| 2 | Naoero | 13.1% | 2026 |
| 3 | Norway | 10.2% | 2026 |
| 4 | Oman | 5.2% | 2026 |
| 5 | United Arab Emirates | 4.9% | 2026 |
| 6 | Lesotho | 4.2% | 2026 |
| 7 | Macao SAR, China | 4.2% | 2026 |
| 8 | Singapore | 3.3% | 2026 |
| 9 | Lebanon | 3.3% | 2025 |
| 10 | Liechtenstein | 3.0% | 2026 |
About This Indicator
Definition
General government net lending/borrowing as a percentage of GDP. A positive value indicates a fiscal surplus; negative indicates a deficit.
Methodology
Revenue minus expenditure minus net acquisition of nonfinancial assets, as a percentage of GDP. A comprehensive measure of the fiscal balance.
Unit
Percent of GDP